Needham Reiterates Buy on Adtran, Maintains $15 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ryan Koontz has reiterated a 'Buy' rating on Adtran (NASDAQ:ADTN) and maintained a price target of $15.
August 07, 2023 | 5:54 pm
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POSITIVE IMPACT
Adtran's stock is likely to be positively impacted in the short term due to the reiterated 'Buy' rating and maintained price target by Needham analyst.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The reiterated 'Buy' rating and maintained price target by Needham analyst Ryan Koontz indicates a positive outlook for Adtran, which could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100